MGT-498 Final Exam
A final exam covering strategic management concepts and business planning.
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MGT-498 Final Exam
1) In a survey of 50 corporations, which of the following was rated
as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through
four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and
actions that determine the long-run performance of a corporation.
Which one of the following is NOT one of the basic elements of the
strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the board of directors, top management,
and shareholders is referred to as
A. corporate synergy
B. corporate management
C. corporate governance
D. corporate strategy
E. corporate responsibility
5) The concept that proposes private corporations have
responsibilities to society that extend beyond making a profit is
known as
1) In a survey of 50 corporations, which of the following was rated
as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through
four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and
actions that determine the long-run performance of a corporation.
Which one of the following is NOT one of the basic elements of the
strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the board of directors, top management,
and shareholders is referred to as
A. corporate synergy
B. corporate management
C. corporate governance
D. corporate strategy
E. corporate responsibility
5) The concept that proposes private corporations have
responsibilities to society that extend beyond making a profit is
known as
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Document Details
University
University of Phoenix
Subject
Business Management